Arm Yourself with Financial Wisdom
In real finances, knowledge is armor and understanding is power. The “Shields of Knowledge” are principles and practices that protect everyone from the grasp of the financial villains who thrive on confusion, impulse, and neglect. Make NO MISTAKE—these lazy, uncreative, greedy bums are after your hard-earned money!
Shield One — The Power of Saving
To counter The DebtFool, you must learn the art of saving. Every saved dollar is a soldier defending your freedom.
- Set aside at least 10% of what you earn, no matter how small.
- Automate your savings so it happens before you can spend.
- Build an emergency fund equal to at least 3 months of expenses.
Shield Two — Understanding Banking
The Subscriptress, Count Overdraft, The Swipe! thrive on ignorance of your accounts. Knowing how your money flows, where it rests, and when it leaves is key to survival.
- Check your account regularly — at least once a week.
- Use alerts to track charges, balances, and renewals.
- Understand fees, overdraft rules, and interest calculations.
Shield Three — Responsible Credit Use
The Interest Imp grows fat on unpaid balances. Used wisely, credit becomes your ally — a disciplined tool, not a curse.
- Use less than 30% of your available credit at any time.
- Pay your balance in full whenever possible.
- Check your credit reports annually and dispute errors immediately.
Shield Four — The Principle of True Value
Jack the Ruiner thrives on convincing you to pay for illusions. This shield teaches discernment to recognize when a purchase truly adds value to your life.
- Before spending, ask: “Does this improve my life or just distract me?”
- Pay gladly for things that educate, empower, or create lasting good.
- Refuse to waste your money on empty fees.
- Plan expensive recreation in advance to avoid price traps and sudden fees.
Join the Shieldbearers
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